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Air India puts all properties for sale, aims to earn at least Rs 500 crore
Posted on: 26-08-2017 , 12:24:PM | DY365 Bureau

India’s own domestic airlines, which is currently on a heavy debt has put up for sale as many as 27 premium flats, besides several residential and commercial land plots as well as office buildings across the country as part of its plan to generate cash at the time of severe debt.

MSTC, the state-run auctioneer has been mandated to e-auction these properties, with bid closing date fixed for September 6.

The airline has invited bids for the sale of properties in Mumbai, Bengaluru, Kolkata, Chennai, Thiruvananthapuram, Ahmedabad, Pune, Goa, Lucknow, Gwalior, Gurgaon and Bhuj by a public notice.

Air India hopes to generate atleast Rs.500 crore by the auction.


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